Summary
NIL laws allow college athletes to monetize their name, image, and likeness and protect them from exploitation. Athletes can make money through endorsements, sponsorships, and other commercial opportunities. There are rules in place to prevent unfair compensation or pay-for-play scenarios, such as quid pro quo requirements. The NCAA has limited enforcement power over NIL deals, and states have their own NIL laws that may be enforced. There is ongoing debate about the legitimacy of certain NIL deals. The future of NIL is uncertain, but athletes will likely continue to make money.